SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 13, 1996
COMPUTER SCIENCES CORPORATION
(Exact name of Registrant as specified in its charter)
NEVADA 1-4850 95-2043126
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2100 East Grand Avenue
El Segundo, California 90245
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (310) 615-0311
Not Applicable
Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
On November 13, 1996, CSC Enterprises, an affiliated partnership of
the Registrant, completed a Rule 144A offering of $150,000,000 of its 6.50%
Guaranteed Notes due November 15, 2001. In a press release dated November 14,
1996, the Registrant announced the completion of this offering. A copy of the
press release is included as Exhibit 99.1 hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
The exhibit listed below is filed as a part of this report:
99.1 Press Release of the Registrant dated November 14, 1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
COMPUTER SCIENCES CORPORATION
Dated: November 14, 1996 By /s/ Denis M. Crane
--------------------------
Denis M. Crane
Vice President and Controller
Chief Accounting Officer
<PAGE>
EXHIBIT 99.1
Contact: Bruce Plowman, FOR IMMEDIATE RELEASE
Spencer Davis Moved On Business Wire
310.615.0311 November 14, 1996
CSC COMPLETES RULE 144A DEBT OFFERING
EL SEGUNDO, Calif., November 14 -- Computer Sciences Corporation
(NYSE:CSC) today announced that CSC Enterprises, a partnership of which it
owns 97.1 percent, yesterday completed a Rule 144A offering of $150 million of
its 6.50 percent Guaranteed Notes due November 15, 2001. The Notes were
priced at 99.915% of the principal amount, resulting in an effective yield of
6.52 percent.
The Notes, which are unconditionally guaranteed by Computer Sciences
Corporation, are rated A by Standard & Poor's and A+ Duff & Phelps. The net
proceeds of approximately $148,680,000 were used by CSC Enterprises primarily
to repay a portion of its outstanding commercial paper. The initial purchaser
of the Notes was a group led by Merrill Lynch & Co. that included Goldman,
Sachs & Co. and J.P. Morgan & Co.
CSC had $5.2 billion of revenue for the 12 months ended September 27,
1996. Computer Sciences Corporation is headquartered in El Segundo, Calif.,
and has 40,000 employees in nearly 600 offices worldwide. CSC provides
clients with a wide range of professional services including management
consulting, business reengineering, information systems consulting and
integration and outsourcing.
